Agenus entered into an amendment with existing noteholders to extend the maturity of $5.09 million of 2015 senior subordinated notes to February 18, 2027, while keeping other terms unchanged. The company also extended the expiration dates of its 2022 A and B Warrants and 2025 C Warrants to June 25, 2031, and issued new 2026 D Warrants for 56,525 shares at a $3.25 exercise price, expiring the same date. Agenus plans to register the resale of shares underlying the new warrants within 90 days. The moves aim to manage near-term obligations and support liquidity.
Agreement details:
- Agreement type: Amendment to senior subordinated notes and warrants; issuance of new warrants
- Counterparty: Existing noteholders
- Signed / Effective: Jun 29 2026 / same
- Duration / Termination: Notes to Feb 18 2027; warrants to Jun 25 2031
- Reason: Refinance near-term debt and align investor incentives
Original SEC Filing:
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